Baytex Energy Corp (BTE.TO) Buy, Sell or Hold

Home

Daily Stock Opinions and Ratings

Baytex Energy Corp (BTE.TO)

7.03

+0.01 (0.14%)

as of Jun 4, 2026, 8:00:01 pm Market Open.

733 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) has undergone significant changes recently, including divesting from its U.S. assets, leading to a cash position of approximately $900 million that is expected to bolster share buybacks. Experts highlight the company's exposure to profitable Canadian oil plays and the potential for volatility tied to oil prices amid geopolitical tensions. While the general sentiment is cautiously optimistic regarding its operational efficiencies and management's commitment to reduce debt, some analysts express concern over the stock's recent performance and valuation. Comparisons have been made to other energy stocks, suggesting mixed opinions on the best investment strategies in the sector. Overall, the outlook reflects a company making strides in financial stability but still facing challenges in sentiment and market conditions.

Consensus

Hold

Valuation

Fair Value

Similar

CVE, CVE

BUY

Has come off a bit and is in a Buy range. In the heavy oil side which has its own pace. Reserves are probably understated. Production problems now seem to be on side. The spread between light and heavy oil has decreased. Would expect to see some increase in the payout.

WEAK BUY

Has an exposure to heavy oil so besides just crude oil you have to look at another price which is the differential between West Texas intermediate crude oil price and what heavy oil is trading for. It traditionally has gotten fairly large in the winter months and fairly small in the summer. There are others he likes better, but it will grow in production. Well managed.

DON'T BUY

Heavy oil producer. Reserve life is just below the average. Prefers trusts with lighter oil.

BUY

Relative to other royalty trusts the payout ratio is just slightly above average. One of the reasons valuation has been held down is dur to their emphasis on heavy oil. Has some attractive hedging.

SELL

Primarily all heavy oil, although about 70% of it is hedged. Long term would be more constructive on light/sweet oil such as Crescent Point (CPG.UN-T), Arc Energy (AET.UN-T) and Enerplus (ERF.UN-T). Would sell and switch to another royalty trust. Own in their index fund, but only because they have to.

BUY

Different than most of the other income trusts in that it is essentially a heavy oil. Have lots of reserves. Not a lot of risk for them in increasing reserves. Got hurt in the last quarter in'04 because the heavy/light oil spread widened significantly, but they have 70% of their production locked in.

DON'T BUY

Weighted more towards heavy oil. The light & heavy oil differential has widened which is a negative for heavy oil producers, but not as negative for Baytex in the short term as they have hedged that risk. The reality with heavy oil is that the net backs are lower and operating costs are higher.

HOLD

Heavy oil aspect is mitigated by their contracts south of the border to sell at a fixed spread above West Texas intermediate. Haven't done as good a job as anticipated in production. Likes the yield.

STRONG BUY

Made a very cheap acquisition today of light oil. Metrics look pretty good. Their heavy oil is all hedged. The trust is cheap on relative terms.

DON'T BUY

Distribution of 13.9% is pretty rich indicating shorter reserve life. Prefers longer reserve life.

DON'T BUY

Most of their hedges are done. A beneficiary of the move up in commodity prices as well as the narrowing of the light/heavy oil spread. Have done a good job in turning the company around. Better values available.

HOLD

A sector perform. A very solid trust. Good management. A lot of their assets are in heavy oil, so there is some risks.

BUY

Have held their ground very well when other income trusts were suffering. Relatively inexpensive. A good solid performer.

BUY ON WEAKNESS

Probably paying out more distributions than they receive. Mainly heavy oil with thinner and more variable margins. Will buy when the price is right.

DON'T BUY

Pays a higher distribution from their cash flow and are on a bit of a treadmill as they must run production at full levels and try to acquire smaller companies. Their focus is on heavy oil which can be very volatile.

Showing 691 to 705 of 723 entries

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Baytex Energy Corp (BTE.TO)